5232 Woodland Ave., Kansas City, MO 64110
Beds: 3 Baths: 1.5
Killer Wholesale Deal! Turn-key Investment Property located just minutes from the Plaza, Rockburst University, and UMKC.
– This home sits on a great block with lots of beautiful homes surrounding it.
– This property was renovated about 2 years ago, and has had the same tenant occupying since.
– The current tenant is an Excellent Market Renter paying $650/month.
– They always pay on-time, and they take very good care of the property! They would also like to continue renting with no plans on moving in the immediate future.
Here is a breakdown of the numbers:
Current Monthly Rent = $650
Gross Monthly Income = $7,800
Annual Real Estate Taxes = $456
Estimated Annual Insurance = $550
10% Annual Prop Management Fee = $780
10% Maintenance & Vacancy = $780
NET ANNUAL INCOME = $5,234.
NET ROI = 15%